Bitdeer Property Plant And Equipment Gross vs Capital Lease Obligations Analysis
| BTDR Stock | 14.27 2.04 16.68% |
Bitdeer Technologies financial indicator trend analysis is way more than just evaluating Bitdeer Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bitdeer Technologies is a good investment. Please check the relationship between Bitdeer Technologies Property Plant And Equipment Gross and its Capital Lease Obligations accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitdeer Technologies Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
Property Plant And Equipment Gross vs Capital Lease Obligations
Property Plant And Equipment Gross vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bitdeer Technologies Property Plant And Equipment Gross account and Capital Lease Obligations. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Bitdeer Technologies' Property Plant And Equipment Gross and Capital Lease Obligations is 0.95. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Bitdeer Technologies Group, assuming nothing else is changed. The correlation between historical values of Bitdeer Technologies' Property Plant And Equipment Gross and Capital Lease Obligations is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Bitdeer Technologies Group are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Property Plant And Equipment Gross i.e., Bitdeer Technologies' Property Plant And Equipment Gross and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Property Plant And Equipment Gross
Capital Lease Obligations
Bitdeer Technologies capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Bitdeer Technologies asset purchases. For example, Bitdeer Technologies can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Bitdeer Technologies control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Most indicators from Bitdeer Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bitdeer Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitdeer Technologies Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. At this time, Bitdeer Technologies' Tax Provision is relatively stable compared to the past year. As of 11/30/2024, Issuance Of Capital Stock is likely to grow to about 10 M, while Sales General And Administrative To Revenue is likely to drop 0.14.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 63.1M | 65.2M | 72.9M | 79.4M | Interest Income | 2.9M | 4.3M | 8.0M | 8.4M |
Bitdeer Technologies fundamental ratios Correlations
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Bitdeer Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Bitdeer Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bitdeer Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bitdeer Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Bitdeer Stock
| 0.84 | DJCO | Daily Journal Corp | PairCorr |
| 0.87 | AI | C3 Ai Inc Earnings Call This Week | PairCorr |
| 0.85 | BL | Blackline | PairCorr |
Moving against Bitdeer Stock
The ability to find closely correlated positions to Bitdeer Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bitdeer Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bitdeer Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bitdeer Technologies Group to buy it.
The correlation of Bitdeer Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bitdeer Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bitdeer Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bitdeer Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Bitdeer Stock Analysis
When running Bitdeer Technologies' price analysis, check to measure Bitdeer Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bitdeer Technologies is operating at the current time. Most of Bitdeer Technologies' value examination focuses on studying past and present price action to predict the probability of Bitdeer Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitdeer Technologies' price. Additionally, you may evaluate how the addition of Bitdeer Technologies to your portfolios can decrease your overall portfolio volatility.